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Southfield, MI
Full City Profile · Michigan · Wayne County County
3.4
/5.0
B
Good
76,025
Population
2,894/sq mi density
$65,848
Median Income
$40,203 per capita
$226,900
Home Value
$246,405 Zillow
$1,301
Median Rent
32.9% income on rent
48°F
Avg Temperature
260 sunny days/yr
273
Violent Crime/100K
2,056 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,848 median income, 4.3% unemployment
A+
Affordability
4.7 / 5.0
$226,900 home value, $1,301/mo rent
F
Safety
1.0 / 5.0
273 violent crimes/100K
A
Education
4.1 / 5.0
39.1% bachelor's degree or higher
Housing Overview
Median Home Value
$226,900
20% below
US avg: $281,900
Median Rent
$1,301/mo
12% above
US avg: $1,163/mo
Homeownership Rate
51.9%
21% below US avg (65.4%)
Total Housing Units
37,176
Median year built: 1969
Home Value by Source
Census Median
$226,900
Zillow (ZHVI)
$246,405
Median Sale Price
$230,000
Median List Price
$229,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.9%
Owner-Occupied
48.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,301/mo
· Zillow rent:
$1,517/mo
Market Indicators (Redfin)
Median Days on Market
35 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
41
Price Drops
14.4%
of listings with price reduction
Price Per Sq Ft
$156
Active Inventory
125
homes for sale
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
51.9%
Complete Housing Data
Home Values
| Census Median Value | $226,900 |
| Zillow Home Value (ZHVI) | $246,405 |
| Median Sale Price | $230,000 |
| Median List Price | $229,950 |
| Price Per Sq Ft | $156 |
Rent
| Census Median Rent | $1,301 |
| Zillow Rent (ZORI) | $1,517 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 35 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.4% |
| Homes Sold | 41 |
| Active Inventory | 125 |
| Price Per Sq Ft | $156 |
Ownership & Stock
| Owner-Occupied | 51.9% |
| Renter-Occupied | 48.1% |
| Homeownership Rate | 51.9% |
| Total Housing Units | 37,176 |
| Median Year Built | 1969 |
| Rent Burden | 32.9% |